Return
This query is : Resolved
23 May 2013
Income for compulsary filling of return for individual is after considering deduction u/s VI ?
23 May 2013
No, it is before chapter VIA deductions i.e, with out allowing Chapter VIA deductions, if income exceeds BASIC EXEMPTION LIMIT you need to file return-139(1),
However if assesse is having only salary income
and income not exceeding 5 lacs(after all deductions), it is not mandatory to file ITR
However if assesse is having only salary income
and income not exceeding 5 lacs(after all deductions), it is not mandatory to file ITR
23 May 2013
Yes after considering chapter VI deductions, because the words used in section 139(1)(b) is 'total income' which means taxable income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- When TDS on GST applied
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
